Prior to his death in 2016, Ethan made the following taxable gifts. $$\begin{array} { l c c }
& \text { Year of } & \text { Amount of } \
\text { Stock in Crimson Corporation } & \text { Gift } & \text { Gift } \
\text { Term life insurance policy (maturity value of } & 2000 & \$ 800,000 \
\$ 200,000 \text { ) } & 2014 & - 0 - \
\text { Unimproved land } & 2014 & 800,000
\end{array}$$
The policy on Ethan's life was given to the designated beneficiary. The gift of the stock and the land generated gift taxes of $28,750 and $65,250, respectively.
As to these transfers, how much is included in Ethan's gross estate?

Question

Prior to his death in 2016, Ethan made the following taxable gifts. $$\begin{array} { l c c } 
& \text { Year of } & \text { Amount of } \
\text { Stock in Crimson Corporation } & \text { Gift } & \text { Gift } \
\text { Term life insurance policy (maturity value of } & 2000 & \$ 800,000 \
\$ 200,000 \text { ) } & 2014 & - 0 - \
\text { Unimproved land } & 2014 & 800,000
\end{array}$$ ​
The policy on Ethan's life was given to the designated beneficiary. The gift of the stock and the land generated gift taxes of $28,750 and $65,250, respectively.
As to these transfers, how much is included in Ethan's gross estate?

Quizplus · Accepted Answer

The Answer of Prior to his death in 2016, Ethan made the following taxable gifts. $$\begin{array} { l c c } 
& \text { Year of } & \text { Amount of } \
\text { Stock in Crimson Corporation } & \text { Gift } & \text { Gift } \
\text { Term life insurance policy (maturity value of } & 2000 & \$ 800,000 \
\$ 200,000 \text { ) } & 2014 & - 0 - \
\text { Unimproved land } & 2014 & 800,000
\end{array}$$ ​
The policy on Ethan's life was given to the designated beneficiary. The gift of the stock and the land generated gift taxes of $28,750 and $65,250, respectively.
As to these transfers, how much is included in Ethan's gross estate?

Prior to His Death in 2016, Ethan Made the Following